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The worry is that FROB money is being used to close down branches and reduce staff, leaving less firepower to deal with more hidden losses from the banking system's staggering €323 billion of exposure to property developers.
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Banks cannot respond to these threats simply by "being more digital,"— i.e., closing down branches and rolling out better mobile and online banking services.
Even so, Lloyds said it will still have a larger estate of branches for its size than rivals, which it claimed, are closing down branches at a faster rate.
It has jailed local and foreign bankers and closed down branches of two Swiss banks related to more than $3 billion that was said to have been siphoned from 1Malaysia Development Berhad, a Malaysian sovereign wealth fund, some of which moved through the city's banks.
Well, the system is struggling financially and facing cutbacks in service, and there's no small amount of general public support for closing down branches -- until the public finds out it's their post office branch that's under the gun.
He's also relied on affidavits when he would have preferred to use live testimony and closed down branch offices to save on rent.
"If you were running the church nakedly as a business, it would be quite simple – you'd close down the uneconomic branches," says Nick Spencer, research director of Theos, a thinktank focusing on religion and society, and the author of a book on the future of the English parish church.
A centralised location keeps costs down and from their perspective it's easier to close down outlying inefficient branch libraries.
The review has been on-going following the decision that was announced earlier in September to close down the Just Solutions International branch of the Ministry of Justice that was providing some of these services.
The review has been ongoing following the decision that was announced earlier in September to close down the Just Solutions International branch of the Ministry of Justice that was providing some of these services".
"We cannot just close down a few bank branches.
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